Business & Finance · Subtopic
Loans & Debts
697 fatawa from 9 South African Darul Iftas on Loans & Debts, part of Business & Finance. Newest first; every fatwa links to the page where its Darul Ifta published it.
Subtopics are grouped from each Darul Ifta’s own categories and the fatwa titles, so the count is approximate.
By Darul Ifta
Loans & Debts fatawa — page 14 of 18
- Mufti Online1 Jan 2014
Settling one's debts
I have a couple of debts I have to pay back. One is a non-interest loan via a friend. One is a previous student loan where the interest is extremely…
Mufti Ebrahim Salejee - Mufti Online31 Dec 2013
Taking a loan on interest
I heard a hadith that says the dua of a person is not accepted if the source of money for his food, for his drink and for his clothes is haram even…
Mufti Ebrahim Salejee - Ask Imaam20 Dec 2013
At what exchange rate do I have to pay back a loan?
I live and work in Dubai. I purchased some gold for which my cousin paid for it in Dirhams by his credit card. The arrangement was that I will pay…
Nabeel Valli - Mufti Online18 Dec 2013
Selling a property that one purchased with an interest bearing loan
I saw an add on Internet for sale of land. I wanted to buy that land but I didn't have enough money. So I contacted the bank and fixed the loan. As…
Mufti Zakaria Makada - Mufti Online5 Dec 2013
Charging inflation on late payments
If a debtor comes to pay his debt two years after purchasing goods from us, do we have the right to charge inflation on the amount according to the…
Mufti Zakaria Makada - Mufti Online2 Dec 2013
Dealing in interest
Is it haram if someone makes a contract and in the contract it says that they will give someone something for free, but it also says in the contract…
Mufti Zakaria Makada - Ask Imaam30 Nov 2013
Can I borrow money from one of my non-muslim friends?
I have one non-muslim friend who is doctor by profession. He is a goverment doctor, he has been doing this job for the last 10years. He did…
Hisham Dawood - Ask Imaam28 Nov 2013
Would it be permissible to take an interest bearing loan if the subsidy is more than the interest?
A close relative of mine asked me if I will be interested in setting up a rice mill, which is a small scale industry, in partnership with some other…
Arshad Ali - Ask Imaam28 Nov 2013
Will the unpaid tax represent debt when I have tried my best to inform the authorities but they have failed to take my tax?
I am a g.p (family doctor) working in the uk. In 2010 i worked for 4 months as a doctor in australia, when i went over there, i found out that i…
Hanif Yusuf Patel - Mufti Online11 Nov 2013
Repenting from being involved in riba
I'm a 22 year old graduate student studying for my Master's in Physiology. I live in Cleveland, Ohio, USA and I was wondering if someone would be…
Mufti Zakaria Makada - Ask Imaam7 Nov 2013
What if the value changes at the time of returning the loan?
In a loan transaction how do you cater for time, value & money? If I borrowed P 1,000000 in 1990 when it could buy a car is it fair to return it now…
Zakariya Memon - Mufti Online2 Nov 2013
Freeing oneself from interest dealings
I am a married woman with two very young boys and a husband. I bought a flat before I got married and have a mortgage on it. So of course interest…
Mufti Zakaria Makada - Ask Imaam1 Nov 2013
Taking an Interest bearing loan on behalf of a client.
A businessman takes a loan from the bank to purchase stock. It is agreed with the customer that the loan is taken to obtain stock for their order…
Nabeel Valli - Mufti Online9 Oct 2013
According to which price should old debts be settled?
A Muslim bakery sold bread on credit fifty years ago valued at Kenyan Shillings 6500/-, and the price of loaf was KShs 0.75 (75 cents). At that time…
Mufti Zakaria Makada - Mufti Online9 Oct 2013
Doubting if one has settled his accounts during his student days
A person has been attending a madressa. At the madressa there is a tuck shop which allows the students to take things on credit. As a student many…
Mufti Zakaria Makada - Mufti Online9 Oct 2013
Advance salary service from the bank
My bank name is Dubai Islamic Bank and they give advance salary and deduct 150 AED as services charges. They say it's not interest. Is it sood or…
Mufti Zakaria Makada - Mufti Online1 Oct 2013
Credit cards
Is it permissible to use credit cards as long as I pay off the balance without having to pay interest?
Mufti Zakaria Makada - Ask Imaam26 Sep 2013
Is it permissible to work for a bank, whose income is reported to be 75% from interest bearing loans?
Is it permissible while residing in a metropolitan area where there is a tonne of other jobs available, to continue to work for a bank, whose income…
Ismail Dawoodjee - Ask Imaam14 Sep 2013
Can I help with repaying an interest-bearing loan my mother has taken out?
Borrowing money from the bank that charges interest is it ok in some cases or is it forbidden to borrow all together because I am been told that its…
Zameelur Rahman - Mufti Online10 Sep 2013
Extra amount over and above the original loan
I borrowed money to buy a vehicle (with an agreement to pay back a much higher amount) i took full ownership of the vehicle, the outstanding amount…
Mufti Zakaria Makada - Mufti Online10 Sep 2013
Taking a loan to visit Musjid-ul-Aqsa
I want to undertake a journey to Masjid-ul-Aqsa. However I do not have sufficient funds. The only asset I have is a car which is worth about R40…
Mufti Zakaria Makada - Ask Imaam9 Sep 2013
Qatar Islamic Bank Personal Loan
Assalamualaikum, I am an Indian working in Qatar. For my family needs, I want to take personal loan from Qatar Islamic Bank. The bank assures of…
Mufti Ismail Desai - Mufti Online7 Sep 2013
One month advance salary from the bank
My salary is transferred to my bank account every month. Our bank gives us a facility to get 1 advance salary for 1 month, bank charges AED 175/-…
Mufti Zakaria Makada - Mufti Online7 Sep 2013
Bogus debt collectors
My husband has recently handed his unpaid accounts owing to him, over to a debt collector. Recently he has found out that the debt collectors are…
Mufti Zakaria Makada - Mufti Online31 Aug 2013
Buying a house through a bank
Is it ok to buy a house through a bank in the USA? I am trying to avoid riba, what would you advise me to do?
Mufti Zakaria Makada - Ask Imaam9 Jul 2013
Can I deal with relatives who have opened businesses with the aid of a Bank Loan and can I inherit from their property?
I have relatives who have purchased houses and opened buisnesses with the aid of a bank loan, apart from this, their earnings and products are…
Mufti Ebrahim Desai - Ask Imaam6 Jul 2013
Student loan & Zakat
I have a student loan of £9000 that has gone direct from the student loan company to my university and is payable by me once I earn over £15,000,…
Mufti Ebrahim Desai - Ask Imaam10 Jun 2013
Building home on interest Loan
For building home, bank loan on interest is permissible? i am residing in Saudi Arabia.
Ismail Desai - Mufti Online4 Jun 2013Arabic
ما الحكم الشرعي في الحالات التالية
ما الحكم الشرعي في الحالات التالية: الحالة الأولى: عند الزبير توجد الآلة الكهربائية يحتاج إليها، و لكن آلته الكهربائية قد فسدت، و الزبير يريد…
Mufti Zakaria Makada - Mufti Online21 May 2013
Going for Hajj when one has debts
I will be embarking on hajj this year insha-Allah, and I want to find out what my correct Islamic duty is with regards to fulfilling long term…
Mufti Zakaria Makada - Mufti Online15 May 2013
Settling one's debts
My father had been for Hajj over 10 years ago. At the time he had a very close friend who he had owed some money to. Before going for hajj, he went…
Mufti Zakaria Makada - Mufti Online4 May 2013
Should I pay off my car first or should I go for Hajj?
I have saved up enough money to make Hajj become fardh on me however, I still have a substanial balance left on the car which I drive. What comes…
Mufti Zakaria Makada - Mufti Online22 Apr 2013
Taking an interest bearing loan
I am a 36 year old man who was born and lived in India for 20 years and moved to North America now. I am married and have 2 children. Now I am…
Mufti Zakaria Makada - Ask Imaam9 Apr 2013
Can I Ask My Father To Sell His Land To Repay An Interest Bearing Loan My Husband Took On His Behalf?
My husband knows very well that ribaa based loan in unislamic...But he took a loan claiming everbody does that. My father asked him to take a loan…
Saeed Ahmed Golaub - Mufti Online23 Mar 2013
Charging the tenant an extra fee for late payment
We have business tenants who persistently don’t pay rentals on time. It appears that they are in fact able to pay, but deliberately withhold the…
Mufti Zakaria Makada - Mufti Online21 Mar 2013
How do you live in the UK without participating in interest?
My question pertains to interest which I know is forbidden in Islam and is seen as a great sin. But in the UK, through mortgages, insurances, etc.,…
Mufti Ebrahim Salejee - Mufti Online17 Mar 2013
Using Credit Cards
Is it permissible to use a credit card if one ensures that the balance is always positive and never goes into credit? Also, interest is paid to the…
Mufti Zakaria Makada - Mufti Online6 Mar 2013
Home, Car, Education loan, etc.
If we keep our money in savings account or fixed deposit account in a general bank then is it lawful to use the interest money the bank is giving on…
Mufti Zakaria Makada - Mufti Online26 Feb 2013
Signing conditions to approve the loan
A certain person owns a business and is the landlord at the same time. He decides to sell the business and lease out the property to the person who…
Mufti Zakaria Makada - Mufti Online18 Feb 2013
Car financing, house mortgage & interest from a non Muslim bank
Car financing or house morgage is halal? Getting interest from a non Muslim bank is halal for a Muslim?
Mufti Zakaria Makada
Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.